On June 22nd, 2016, the Botswana Stock Exchange (BSE) officially became an affiliate Exchange of the World Federation of Exchanges (WFE) after approval from the WFE Board of Directors. The BSE’s application to WFE was part of its internationalization strategy that aims to position the BSE as a world-class securities exchange and one of the leading Stock Exchanges in Africa.
The WFE is The World Federation of Exchanges (WFE) is the global industry association for exchanges and clearing houses. WFE exchanges are home to nearly 45,000 listed companies, and the market capitalization of these entities is over $67.9 trillion. The WFE is the definitive source for exchange-related statistics, and publishes over 350 market data indicators. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets.
The BSE’s status as an Affiliate Exchange of the WFE initiates an interactive informational connection between the BSE and the WFE. Through this affiliation, the BSE benefits from participation in the WFE workshops, events, annual meetings, research, capital markets statistics and studies that provide useful support to the BSE’s development. It promotes the dissemination of BSE information and market statistics through the WFE network across the world and hence benefit from publicity and integrity of such a network. The BSE benefits from knowledge transfer and expertise sharing in virtually every aspect of the capital market: the technical, the commercial, the legal and the economic aspects.